LVW Advisors LLC Decreases Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

LVW Advisors LLC decreased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,716 shares of the technology company’s stock after selling 130 shares during the quarter. LVW Advisors LLC’s holdings in Jack Henry & Associates were worth $646,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC lifted its stake in Jack Henry & Associates by 352.2% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 12,222 shares of the technology company’s stock valued at $1,997,000 after buying an additional 9,519 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Jack Henry & Associates by 36.6% in the fourth quarter. BNP Paribas Financial Markets now owns 121,466 shares of the technology company’s stock valued at $19,849,000 after purchasing an additional 32,537 shares during the period. Schwartz Investment Counsel Inc. increased its holdings in shares of Jack Henry & Associates by 14.5% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 266,350 shares of the technology company’s stock valued at $43,524,000 after purchasing an additional 33,700 shares during the period. GLOBALT Investments LLC GA acquired a new position in shares of Jack Henry & Associates in the fourth quarter valued at approximately $2,634,000. Finally, Torray Investment Partners LLC increased its holdings in shares of Jack Henry & Associates by 2.5% in the fourth quarter. Torray Investment Partners LLC now owns 8,956 shares of the technology company’s stock valued at $1,464,000 after purchasing an additional 221 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. Robert W. Baird boosted their target price on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Evercore ISI boosted their target price on Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. DA Davidson reaffirmed a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a report on Tuesday, April 30th. Finally, StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday, June 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Jack Henry & Associates has an average rating of “Hold” and a consensus target price of $174.67.

Jack Henry & Associates Trading Down 1.5 %

Shares of JKHY stock opened at $163.49 on Tuesday. Jack Henry & Associates, Inc. has a fifty-two week low of $136.57 and a fifty-two week high of $178.37. The stock has a market cap of $11.92 billion, a P/E ratio of 31.56, a P/E/G ratio of 4.29 and a beta of 0.63. The business has a fifty day simple moving average of $165.22 and a 200-day simple moving average of $167.76. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.14.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.02. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The business had revenue of $538.56 million during the quarter, compared to analysts’ expectations of $541.80 million. During the same quarter last year, the business posted $1.12 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts forecast that Jack Henry & Associates, Inc. will post 5.19 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, May 28th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Friday, May 24th. Jack Henry & Associates’s dividend payout ratio is presently 42.47%.

About Jack Henry & Associates

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.